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Moravian Falls, NC Profile: Facts & Data

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Moravian Falls, North Carolina - Basic Facts

The Moravian Falls Census Designated Place had a population of 1,941 as of July 1, 2020.

The primary coordinate point for Moravian Falls is located at latitude 36.0968 and longitude -81.1823 in Wilkes County. The formal boundaries for the Moravian Falls Census Designated Place encompass a land area of 5.03 sq. miles and a water area of 0.01 sq. miles. Wilkes County is in the Eastern time zone (GMT -5). The elevation is 1,194 feet.

The Moravian Falls Census Designated Place (GNIS ID: 2403307) has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

The Moravian Falls Census Designated Place is located within Township of Moravian Falls, a minor civil division (MCD) of Wilkes County.

Alternate Unofficial Names for Moravian Falls: Forks of the Road, Petersburg.

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Moravian Falls, NC Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 1,941 (100%)
Population in Households 1,838 (94.7%)
Population in Families 1,488 (76.7%)
Population in Group Quarters1 103 ( 5.3%)
Population Density 386
Diversity Index2 48
 
 

INCOME

Median Household Income $54,063
Average Household Income $80,017
% of Income for Mortgage4 14%
Per Capita Income $32,798
Wealth Index5 97
 

HOUSING

Total HU (Housing Units) 887 (100%)
Owner Occupied HU 572 (64.5%)
Renter Occupied HU 201 (22.7%)
Vacant Housing Units 113 (12.7%)
Median Home Value $175,376
Average Home Value $196,804
Housing Affordability Index3 198
 

HOUSEHOLDS

Total Households 774
Average Household Size 2.37
Family Households 510
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

 2010-2020 2020-2025
Population 0.2% 0.23%
Households 0.26% 0.21%
Families -0.08% 0.16%
Median Household Income   0.89%
Per Capita Income   2.57%
Owner Occupied HU   0.17%

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Moravian Falls, NC - Peer Comparisons by Rank and Percentile

The table below compares Moravian Falls to the other 739 incorporated cities, towns and CDPs in North Carolina by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 327 56th
Population Density # 524 29th
Median Household Income # 235 68th
Housing Affordability Index # 381 52nd
Per Capita Income # 152 80th
Diversity Index # 386 48th

Additional comparisons and rankings can be made with a VERY EASY TO USE North Carolina Census Data Comparison Tool.

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